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Founded in 1851 in Springfield, Massachusetts, MassMutual is owned by its members and participating policyholders. Looking out for our clients’ best interests is a top priority. For more than a century and a half, weâ€™ve taken a long-term approach that has kept us strong through all phases of the economic cycle. Weâ€™ve consistently earned some of the highest financial strength ratings of any company in any industry, and have paid dividends1 on whole life insurance policies continuously since the 1860s, even during the Great Depression.

Just as importantly, weâ€™ve remained committed to our trained, entrepreneurial network of financial professionals â€“ people who think the way we do in terms of long-term value â€“ people who strive to maintain a long-term relationship with their clients, helping them adapt and refine financial strategies throughout a lifetime.

Since 1990, weâ€™ve broadened our revenue base and long-term stability by acquiring highly-respected asset management firms, including OppenheimerFunds, Inc. and Baring Asset Management Limited, as well as successful Asian and European financial services companies. And in 1996, we acquired Connecticut Mutual Life Insurance Co., creating the fifth-largest mutual life insurance company in the United States.

Our companies currently sell a broad portfolio of insurance, investment and retirement products. But whole life insurance policies continue to be our foundation. Thatâ€™s good for all our clients, because the value that policyholders build up in their whole life policies not only provides them with flexibility to help meet living needs, it also strengthens MassMutualâ€™s financial position.

The Mutuality Advantage As a mutual company, MassMutual does not have shareholders. Instead its policy owners and members are often described as sharing in its ownership. This generally means if you are an insured under a MassMutual whole life insurance policy, for example, you are a member entitled to vote for the Companyâ€™s board of directors. And, if you also own the policy, you may be eligible to share in any dividends the Company may declare.

A prudent investment philosophy Being mutual means our investment philosophy starts with an eye on the future. We do the hard work and make the tough decisions to position ourselves against short-term market pressures. And, because weâ€™re not publicly traded, we face no pressure to enhance stock prices.

Responsible growth Being mutual also means we take a disciplined approach to growth â€“ seeking out businesses that complement our strengths, provide attractive risk/return profiles and enhance our diversified product offerings. At MassMutual, we do not issue stock to raise capital. Rather, we use the capital generated from our mutual structure for growth, and believe this form of ownership best enables us to serve the long-term interests of our policy owners.

Financial strength ratings MassMutual has consistently earned some of the highest financial strength ratings of any company in any industry. If youâ€™d like to learn more about how to put our long-term strategy to work for you, talk with a MassMutual Financial Professional today.

Weâ€™re committed to our trained, entrepreneurial network of Financial Professionals, people who think the way we do in terms of long-term value. Our Financial Professionals strive to maintain a long-term relationship with their clients, helping them adapt and refine financial strategies throughout a lifetime.

It takes a little longer to get to know a local MassMutual Financial Professional personally, and develop the trust required for a genuine working relationship. Itâ€™s not a matter of going to a website and clicking through some drop-down menus.

We believe the investment is worth the result â€“ having someone who works closely with you to understand your unique situation and goals, and helps you work through the obstacles that may stand in the way of building your financial future.

How We Sell Our Products At the heart of our business is a distribution network of over 4,600 trained and knowledgeable Financial Professionals backed by the professional support services in our home office. Financial Professionals are an integral component of MassMutualâ€™s strategy and account for about 75 percent of the companyâ€™s sales. This distribution network is augmented by nearly 40,000 brokers who are also licensed to sell our products.

Our Financial Professionals are located throughout the United States and Puerto Rico with representation in most major metropolitan areas. MassMutual currently has over 80 â€œcoreâ€ retail distribution offices, or general agencies. These offices are operated by a General Agent (GA) who is contracted with MassMutual. The GA recruits Financial Professionals in his or her region who are best suited to help clients make good financial decisions.

MassMutual and the general agencies provide Financial Professionals with considerable training and development opportunities, providing needs-based analysis techniques to assist the individuals, families and business owners they work with. Financial Professionals are also encouraged to obtain important industry designations such as Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC).

MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the companyâ€™s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

What is life insurance?

Life insurance offers financial protection for your family and beneficiaries when you die. Some policies also accumulate cash value, offering a living benefit that can be used for supplemental retirement income, funding for a child’s education or cash for emergencies.1

Who needs life insurance?

So much depends on your needs and your income. If you have loved ones who rely on you for their financial well-being, life insurance helps ensure that their financial future isn’t left to chance.

What is covered under a life insurance policy?

There are many types of life insurance policies that offer a variety of features and benefits. The basic principle of a life insurance policy is that it pays your beneficiary a specified amount of money when you die in exchange for regular payment of premiums.

What are the different types of life insurance?

There are two basic types of life insurance: Term Life Insurance and Permanent Life Insurance.

Term Life Insurance For those who have a specific need for coverage for a certain period of time, or for a cost that is generally lower than permanent insurance, term life insurance is often a good option.

Permanent Life Insurance For others who prefer the added flexibility and security that owning life insurance for their entire lives can offer, permanent life insurance is typically purchased. In many instances, people find that their objectives are best met with a combination of both term and permanent life insurance. What are the different kinds of permanent insurance?

Whole Life Insurance Whole life insurance provides protection for a lifetime as long as the policy is in force. It offers guarantees that you canâ€™t find in other forms of life insurance, including guaranteed premiums that will not increase, a guaranteed death benefit and guaranteed cash value growth.

Universal Life Insurance Universal life insurance provides lifetime death benefit protection along with flexibility that gives you choices as your needs and finances change. It offers options such as coverage amounts that may be increased or decreased, and premiums that you can vary based on your finances as long as there is enough money in the account to pay for the monthly insurance and administrative charges.

Variable Universal Life Insurance2 Variable universal life insurance is a flexible premium, permanent insurance product combining death benefit protection with the ability to allocate net premiums and account values amounts among divisions of the Separate Account and Guaranteed Principal Account.3

Survivorship Life Insurance Survivorship life insurance covers the lives of two individuals with one policy. It pays a death benefit after both insureds have died. The cost for this policy is usually lower than the cost of two individual policies.

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1 Distributions under the policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (the cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10% tax penalty. Access to cash values through borrowing or partial surrenders can reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

2 Variable life insurance policies are sold by prospectus. Before purchasing a variable life insurance policy, investors should carefully consider the investment objectives, risks, charges and expenses of the variable life insurance policy and its underlying investment choices.